220 Robinson StBinghamtonNY13904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Binghamton at 220 Robinson St, Binghamton, NY, 13904 priced at $135,000 pairs $1,023/mo rent with $121/mo cash flow after a $661/mo payment. Total monthly income equals $1,023/mo, and annual cash flow comes to $1,455/yr on $44,753 invested. Return on cash invested is 23.16% in year one, and rental yield stands at 9.09% on a $135,000 basis. Equity gained on principal adds $871/yr, and 5% annual appreciation accumulates to $37,298 by year five. Five-year ROI measures 121.01% and total cumulative return in cash reaches $54,157. For financing, Ziffy Mortgage’s DSCR program evaluates $1,023/mo property income against a $661/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
4,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13904, Binghamton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,321 (100%) |
| Owner Occupied HU | 2,379 (55.1%) |
| Renter Occupied HU | 1,446 (33.5%) |
| Vacant Housing Units | 496 (11.5%) |
| Median Home Value | $137,746 |
| Average Home Value | $201,710 |
Housing Distribution
Address Breakdown
Residential
3,683
Single Family
3,533
Multi-Family
150
Businesses
274
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tahir Ahmed • KELLER WILLIAMS REALTY GREATER BINGHAMTON
Mls Name: GBMLS
Mls Provider:
Mls ID: #331779
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.